Articles, Blog

Ecuador inflationary last Sucre banknotes

September 12, 2019


so hello fellow banker and coin
collectors this is Glen back with some banknotes from Ecuador and this is the
last series that was issued in Ecuador and I’m in the process of actually
getting the whole series but at the moment I’m only up to one thousand so
one person’s there I’m missing the 500 the 510 and it’s 20 and 50 thousand as
well that’s just from memory but let’s just go over these banknotes and then
we’ll talk about prices and what is the future for banknote collecting in this
series so the currency of Ecuador between 1884 and 2000 was this Sucre so
as you can see down the bottom has chinko so k4 sucrase and that is
actually named after this car he’s actually pictured on it Antonio josé de
Sucre needs 118 liberators of South America from French rule and well he’s
also pictured on the coins as well but I’ll do another video on those and if
you have a look at design even though it has color the design is pretty much
based on the banknotes that were issued in the United States and here I have the
one u.s. dollar and you can see the similarities between the actual designs
so a lot of self American countries actually issued designs like this and
not all of them were printed in the United States so bank note printing
company or whatever it’s called but as you can see this one was printed by
Thomas Dale over in London and they actually a very versatile because I can
actually adapt to many designs but the printers in the United States can only
do pretty much this type of design so ever since actually issued is so clear
it’s actually pretty much gone down in value through all the time it was
actually used so originally it was twenty two point five grams of silver
but then if there is too much silver the actual value of the currency actually
goes down and that’s what happened here and didn’t they had to revalue it to her
gold so in 1898 they actually made it to
seven hundred and thirty two point two to four milligrams of fine gold or
pretty much to two shillings at a time and it was actually revalued a few times
to the gold v4 eventually 932 is actually removed from the gold standard
pretty much because it’s a Great Depression it’s tied to the American
dollar that this time all the currencies were tied to us no free floating and a
lot the economies are actually poor so when is tied to dollars actually worth
five point nine five cyka days to one dollar so this is pretty much equivalent
to one day at a time and by 1944 it had been reduced to thirteen point five so
that would actually cause some inflation prices would have over doubled in price
apart from inflation and by 1950 went down to 15 so it’s triple and 1961 he
went down eighteen and nineteen seventy two twenty five so this was only worth
about it went from being equal to one US dollar to twenty US cents which is
pretty bad and since 1970 that’s when you flushed
and actually started to take off because I mismanagement of the economy probably
too much debt that the government and the people actually owned so by the time
this was actually replaced with the US dollar because people had no trust in
their Sucre anymore so they just changed it over to one u.s. dollar and the
exchange rate was twenty-five thousand sucrase equals one US dollar so
much bye mm this is only worth four cents and the other denominations pretty
much we’re not used so this was only worth pretty much a point four percent
so not even half of us cent so that is pretty sad let’s talk about
the banknote so as you can see here we have d5 sucrase this is a 1988 issue and
in this year they actually replaced it with a coin so do I have a five so good
coin yes I do here we go here’s the actual coin five
Sukkos and your date on the back is 1988 and I actually went as far as to issue
50 suckers this time so although most of these banknotes were replaced but that
didn’t last long because in the 90s they actually replaced the 100 500 1000 cyka
days with actual by metal coins those were the last coins that were actually
used in Ecuador under the sukkah resistant now they actually do issue
coins now but the same shape and weight as the u.s. coins and as far as I heard
they actually use the u.s. dollar coin a lot more than the banknote but they
don’t actually issue any coins over 50 centavos so that is a pity because their
banknotes are actually quite nice so first things first the five so glad to
100 sucker is pretty much yeah first issued in 1959 and 51 period and these
designs actually never changed so these were actually use for about 50 years
well should I say 40 years really because inflation and they were pretty
much the only denominations in circulation for pretty much is 50s 60s
and much of the 70s so 1975 actually should have
500 and this one was first issued in 1979 so as I said before the five heads
mr. su clear on the back nine and nine in Reverse
we just have de coat of arms of Ecuador and as you can see it has a condor at
the top and it has a ship in a tributary and the flags back door on the sides so
you can see it has dots and also color lines and this was actually a security
feature that was used at a time on banknotes but obviously with our current
technology these actually don’t fit as a security feature anymore and as you can
see there is no water ma there is no security thread and then we have the ten
so close and as you can see he has Sebastian de penile Casa a hyper pussied
his name quite well and he’ll be proud of me
because I’m very good at butchering names that are not in English I’m also
very good at butchering English names awesome like now you can see is pretty
much looks like Spanish conquistador as the Spanish uniforms that were used
during the 1600s during the Spanish colonization of the Americas and not
only reverse we all serve the coat of arms but as you can see the color
resistant different five is in red the ten is in blue next actually quite nice
and you can see it has no printers name attached to it so it could be imprinted
by anyone and here we have D 20 so guys as you can see it has a building on it
and this is a the Church of Jesus in Crete also just quit oh that’s actually
the capital of Ecuador and another thing on the inside they also have the date on
the side I also had the series so this is LM series and
serial number he’s up the top so pretty much they stay with the a a series and
they just kept on going along with the series up and to Dover with place
builder coin so this one was also replaced by a coin
in 1988 on the reverse in brown we have pretty much the same no security feature
is a demócrata in day and also d pattern that we have there which is a pretty
much standard feature over banknotes all the time so here we have another 20s I
do so these are actually quite common to actually get actually very cheap to get
your next banknote we have is the 50 suckers and this is a monument to
independence in 1820 as you can see there’s a large monument it’s just
pretty pretty much just a generic type of monument that’s gonna find in any
country really as probably someone celebrating liberation up top and it has
inscriptions around the side over looked it up so I’m not too familiar with that
my new it has just buildings that were actually standing at the time this was
actually made on the reverse we have in green look green queer black but I’m a
bit colorblind poor me but the reverse of this design
is all pretty generic as you can see they’re all pretty much standard and
that’s a well I do like this design it’s actually a bit sad that they pretty much
made it all the one type of design instead of actually putting some
features that were unique to the actual government and here we have the 100 blue
and the cow in the middle is Salman bulaga he is another liberator along
with San Martin and also it’s okay there were a few others and I were pretty much
general so actually liberated South America from the Spanish this one’s
actually a lot better as you can see has yellows has a black over print so good
quite a nice banknote in under reverse well well something you’re unique in
purple just a coat of arms and need to value and here we have another one 1994
so justice but just before it actually placed it with a coin in 1995 and on the
back yeah I think that purple is actually a bit lighter yes they’ve
actually changed a pattern at the back so this pattern is actually different
than that but the actual way it actually
structured is pretty much the same there’s a coat of arms
coat of arms looks a bit different as well especially looks like the engraving
was actually not as refined as the older banknote so that is because they want to
reduce costs because the banknote had actually decreased in value and here we
have T 1000 so close and this guy is room
ha-hi Omaha boy and he was actually an Inca general as you can see it was basic
structural features of face of a South American native and he actually was born
in 1500s and he died in 1535 and after the Last Emperor dinkus at the hua hua
died he actually led the rebellion against the Spanish 13 because actually
we’re not going to go down without the fight because the Spanish are pretty
much quite breathless and this guy I would
say is probably executed okay mmm
Roman ma we had ordered the city burned and a principal ladies of the temple who
refused to flee kill rum me na hai was eventually captured tortured and killed
by the Spanish but never revealed the location of the Inca treasure so I’m not
too sure if there was actually an Inca treasure if not he hid it very well and
this one actually has a watermark with the coat of arms so she can’t see and it
has a security threat it is more from modern feature that we are pretty much
used to you know paper banknotes off today it’s a lot more color on it so
it’s more going towards the European style a banknote provide their colored
features not a reverse Oh if the gay-pride color sorry if you’re
gay oh well but anyway this coat of arms is actually a lot better because
actually has the colors of the ecuadorian flay so red blue and yellow
and the actual coat of arms is actually coloured not too sure if they’re the
official colors but anyway it does make for a change
then the ever banknotes which actually just have it in one type of color so I
hope you enjoy these banknotes I actually quite liked them
so pretty much you can actually get all these banknotes probably for one or two
dollars each because they’re pretty much an inflationary currency flashin era
currencies generally don’t increase in fees especially modern inflationary
currency obviously the older these actually get the more value you actually
be in uncirculated like the German hyperinflation banknotes it was pretty
expensive announced circulated Liberty the enormous circular banknotes
pretty much cheap one to five dollars now same as Zimbabwe but these one is
actually printed in quite a lot and high numbers so these probably will not
increase in value for a few hundred years so if you’re going to get them for
cruising Bay and it’s just not going to happen 20 years time these will still be
less than five dollars each that’s because inflation would increase
the price slightly but they are a nice set to get if we’re interested in
ecuadorian history then I suggest you actually get these banknotes the 50000
sucres is actually a bit more expensive but and uncirculated this should be
we’re well within your budget to actually again so I hope you enjoy this
banknote I’ll leave a link down below to Ecuador bat notes which is an affiliate
and I use the money that I get from those sales to actually buy bank notes
so I can show you more and we can go through a lot more so thank you very
much for watching my video and have awesome banknote collecting time people
okay bye bye

10 Comments

  • Reply SHM COIN COLLECTION September 4, 2019 at 7:06 am

    Nice info

  • Reply Banknotecoinstamp September 4, 2019 at 7:15 am

    stunning banknote !! 😍

  • Reply Penguin Gaming September 4, 2019 at 7:51 am

    hey glen i got some error coins here i am confused about the 50cent with the letter p on it though. could i have some help https://youtu.be/-tJuXoss8DM

  • Reply HafzaProductions 2019 September 4, 2019 at 8:04 am

    0:06 Reminds me of the US bills.

  • Reply Ricki Christian September 4, 2019 at 8:18 am

    I did enjoy that. Cool notes. Thanks Glen

  • Reply World Stalker September 4, 2019 at 9:46 am

    Sweet video. I have this set back home as well. Yours vids are awesome

  • Reply Global Banknotes September 4, 2019 at 9:58 am

    Beautiful banknotes 👍

  • Reply Áron Győrffy September 4, 2019 at 12:38 pm

    So wait, if they were printed in America, on the same paper as on the USD, and has very similar sizes. Doesn't it means that it is pretty easy to make counterfit 1 dollar bills with them?

  • Reply : Dylan-samuel : : Morgan. September 4, 2019 at 12:47 pm

    I've got a note from 1965 from memory…I will send a pic.. probably nothing…lol

  • Reply HafzaProductions 2019 September 4, 2019 at 9:03 pm

    I just had a dream that I found a dirty, yet, a 1986 5c.

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